We refer to our previous
announcements in relation to the Bakun Hydroelectric Project. The Board of
Directors of AZRB is pleased to announce that AZRB has entered into a
Supplemental Agreement dated 11 August 2014 to the JVA (Supplemental
Agreement) in respect of the Malaysian-China Hydro Joint Venture (MCH JV) with
the other parties to the MCH JV.
Pursuant to the Supplemental
Agreement, each of the parties to the MCH JV has agreed to release, waive,
relinquish, withdraw and discharge any and all claims, actions, causes of
actions, obligations, liabilities, judgments, orders and demands whatsoever
nature whether known or unknown, related to and/or arising out of the MCHJV
and/or the CW2 Contract which it had instituted or may now have or may
hereafter have against each other in accordance with and subject to the terms
under the Supplemental Agreement.
This
announcement is dated 12 August 2014.